Seller FAQs
What is the cheapest and the most expensive tyre shop sold this year-2024 ?
In 2024, the cheapest and most expensive tyre shops we sold were both Goodyear Auto Care businesses located in regional areas. The cheapest was in South Australia, sold for $90,000, while the most expensive was in Queensland, sold for $3.5 million. On average, tyre shops tend to sell for around $680,000 plus stock.
What are the most popular tyre shop brands we sell?
The most popular tyre brands we sell are Bridgestone, especially through B-Select stores and Tyrepower outlets. Following closely are Goodyear Auto Care and JAX Tyres & Auto. In metro areas, tyres tend to sell faster, with an average time on the market of 4 months before purchase. However, in regional centers, the market can be slower, with tyres averaging around one year before being sold.
Do we work with other Business Brokers ?
Yes, we do conjunct with a network of other business broking firms. As specialized tyre shop brokers, our experience in selling over 200 outlets complements the local agents' knowledge. Ultimately, we work in the best interest of tyre shop owners to achieve a fair result, while always being mindful that today's buyer may become a seller in 10-15 years. Our business is 100% driven by referrals from tyre shop owners, whether through colleagues, repeat customers, or recommendations from corporate head offices.
Is my accountant involved in the sale of my business?
Selling a business is like raising a child – the best results come from a team effort. We work closely with our vendors accountants and financial advisors – not only to assess the business for an appraisal, but as well to recommend ideal selling times for financial preparation, advise on industry benchmarks with regards to KPI % ( eg staffing, gross profit % and lease % etc) so as a team we can aim to provide the best outcomes for our mutual client – our vendors.
Do you have any questions about selling your business? Don’t hesitate to reach out – we are only too happy to help.